Knight-Swift Transportation (NYSE:KNX) Given New $53.00 Price Target at Citigroup

Knight-Swift Transportation (NYSE:KNX) had its price objective lowered by Citigroup from $54.00 to $53.00 in a research report sent to investors on Monday morning,Benzinga reports. The firm currently has a buy rating on the transportation company’s stock.

Other equities research analysts also recently issued research reports about the stock. Susquehanna downgraded shares of Knight-Swift Transportation from a “positive” rating to a “neutral” rating and reduced their price objective for the company from $52.00 to $43.00 in a research report on Wednesday, September 24th. Zacks Research downgraded shares of Knight-Swift Transportation from a “hold” rating to a “strong sell” rating in a research report on Friday, October 3rd. Weiss Ratings restated a “sell (d+)” rating on shares of Knight-Swift Transportation in a research report on Wednesday, October 8th. Bank of America reduced their price objective on shares of Knight-Swift Transportation from $49.00 to $41.00 and set a “neutral” rating for the company in a research report on Wednesday, September 24th. Finally, UBS Group cut shares of Knight-Swift Transportation from a “buy” rating to a “neutral” rating and increased their target price for the company from $46.00 to $51.00 in a report on Friday, September 5th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $51.88.

Knight-Swift Transportation Price Performance

Shares of KNX opened at $42.74 on Monday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market capitalization of $6.94 billion, a price-to-earnings ratio of 41.90, a price-to-earnings-growth ratio of 0.74 and a beta of 1.14. Knight-Swift Transportation has a fifty-two week low of $36.69 and a fifty-two week high of $61.51. The firm has a 50-day simple moving average of $42.25 and a 200-day simple moving average of $42.89.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings data on Wednesday, July 23rd. The transportation company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.87 billion. Knight-Swift Transportation had a net margin of 2.22% and a return on equity of 3.03%. The firm’s revenue was up .8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.24 earnings per share. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. On average, equities research analysts anticipate that Knight-Swift Transportation will post 2.13 earnings per share for the current year.

Knight-Swift Transportation Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 22nd. Shareholders of record on Friday, September 5th were issued a $0.18 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $0.72 dividend on an annualized basis and a yield of 1.7%. Knight-Swift Transportation’s dividend payout ratio (DPR) is 70.59%.

Insider Buying and Selling at Knight-Swift Transportation

In other news, EVP Michael K. Liu sold 3,420 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $43.41, for a total transaction of $148,462.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Larson Financial Group LLC increased its stake in shares of Knight-Swift Transportation by 9,383.3% during the 1st quarter. Larson Financial Group LLC now owns 569 shares of the transportation company’s stock worth $25,000 after purchasing an additional 563 shares in the last quarter. Brooklyn Investment Group increased its stake in shares of Knight-Swift Transportation by 93.4% during the 1st quarter. Brooklyn Investment Group now owns 642 shares of the transportation company’s stock worth $28,000 after purchasing an additional 310 shares in the last quarter. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of Knight-Swift Transportation during the 2nd quarter worth approximately $55,000. Employees Retirement System of Texas purchased a new position in shares of Knight-Swift Transportation during the 2nd quarter worth approximately $58,000. Finally, UMB Bank n.a. increased its stake in shares of Knight-Swift Transportation by 43.3% during the 2nd quarter. UMB Bank n.a. now owns 1,624 shares of the transportation company’s stock worth $72,000 after purchasing an additional 491 shares in the last quarter. 88.77% of the stock is owned by hedge funds and other institutional investors.

About Knight-Swift Transportation

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides freight transportation services in the United States and Mexico. The company operates through four segments: Truckload, Less-than-truckload (LTL), Logistics, and Intermodal. The Truckload segment provides transportation services, which include irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations.